Automotive Regenerative Braking System Overview :

Automotive Regenerative Braking System Market is expected to garner $55,180 million by 2022. Automotive regenerative braking system is an energy recovery mechanism that converts the heat produced from friction in brakes into electrical energy.

This energy is stored as charge in high-voltage batteries and can be used instantaneously or later as per vehicle demand. This emerging braking system is a key technology that saves fuel and curbs emissions in conventional vehicles. A Regenerative Braking System (RBS) is able to convert approximately half of the heat energy produced while braking, which is immediately transferred further to power consuming systems of the vehicles or stored in batteries for further use. The RBS market is anticipated to witness significant growth during the forecast period, owing to its benefits such as improved performance of the vehicle and reduction in wear & tear of the braking system as compared to the conventional braking system. Regenerative braking is an emerging technology in the automotive industry and is applicable in both conventional and electric vehicles; the latter being a major consumer of the RBS. Automobile giants such as Toyota, BMW, Ford, and Tesla have introduced RBS in their vehicles.

The RBS market is driven by the increase in demand of fuel-efficient vehicles, rise in concern about pollution caused by automobiles, growth in sales of electric cars, and reduction in brake wear & tear. Major restraints associated with this market are increase in overall cost & weight of the vehicles and high maintenance cost linked with brake system overhauling. Moreover, rise in demand of electric vehicles, such as electric buses, for public transport system and technological advancement in two-wheeler RBS are expected to create numerous opportunities for the growth of this market in the years to come.

Passenger Cars Lead the RBS Market:

Passenger cars comprise electric cars such as Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-In Hybrid Electric Vehicle (PHEV). RBS market for passenger cars is growing with a notable rate in comparison to others owing to increasing number of electric cars in countries such as China, USA, and Japan. As per the Global EV outlook 2016, currently, China is the biggest market of electric cars, registering 210,000 new electric cars in 2015 followed by USA. RBS and electric vehicle manufacturers are constantly developing technologically advanced and light weight RBS for passenger cars.

Top Winning Strategy: World RBS Market

Currently, product launch is the key strategy that drives the market, accounting for around 50% of total strategies adopted by key players. Leading RBS manufacturers, such as Continental AG and Bosch, expand their business by launching advance RBS, which can be combined with ESC or ADAS.

Market Dynamics

Top Impacting Factor of World Automotive Regenerative Braking System Market

Stringent vehicular emission rules and regulations

Automobile is one of the biggest source of air pollution. The exhaust gases from automobiles contain nitrogen monoxide, carbon monoxide, lead, CO2, and hydrocarbons, which can cause diseases such as asthma and respiratory allergies. As of 2013, automobiles contributed more than half of the carbon monoxide and nitrogen oxides, and 25% of hydrocarbons emitted into the air. According to the International Air Agency, around 6.5 million deaths occur each year due to poor air quality. Moreover, government of various countries, such as the U.S., Germany, and India, are in the process to launch programs and policy related to vehicle emission. For, instance, according to the United States Environmental Protection Agency, the U.S. government had launched a program for motor vehicle emission and fuel standards named “Tier 3.” This program had established strict vehicle emission standards for light- and heavy-duty vehicles. Rules and regulations regarding vehicle emission by government in countries such as U.S., Germany, China, Japan, and India are stringent. The impact of emission rules and regulations would increase in 2022.

Rise in number of electrical vehicles and EVSE infrastructure

Increase in vehicle emission concern and depletion of non-renewable energy resources have gained the attention of several governments to invest in electric vehicles, such as BEV, HEV & PHEV, and EVSE infrastructure. Currently, U.S. is the largest consumer of electric cars, owing to strict emission rules. As of 2015, 400,000 electric cars were in stock in the country. Various government and automobile makers’ initiatives, such as investment in EVSE infrastructure, supplement the market growth. In the same year, the U.S. government announced to invest $55 million to increase the service of zero-emission buses across America. In addition, Tesla, a leading electric car manufacturer, holds 691 supercharger stations with 4,241 superchargers by investing $500,000 in each station. EVSE infrastructure is increasing at a notable rate as in 2011 there were only 2000 charger station available worldwide, which increased to 1.45 million in 2015. China and Japan hold more than 65% of fast charging station. Most of the electric vehicles are equipped with RBS to utilize the waste energy, further increasing the number of electric vehicles, which is expected to supplement the growth of RBS market.

The leading market players in the RBS market focus to expand their business operations in emerging countries. These companies have consistently introduced innovative solutions to enhance their product portfolio. Product development and partnerships are two prominent growth strategies adopted by these players. The major players profiled in this report include Robert Bosch GmbH, Continental AG, Autoliv, Inc., Nissin Kogyo Co., Ltd., ZF TRW, Skelton Technologies Hyundai Mobis, MAXWELL TECHNOLOGIES INC., Hitachi Automotive Systems, Ltd., and ADVICS Co., Ltd.

Key Benefits

The study provides an in-depth analysis of the world RBS market, with current trends and future estimations to elucidate the imminent investment pockets.

The report offers a quantitative analysis from 2014 to 2022, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.

The report provides actual historical figures for 2014 and 2015 and Y-o-Y forecasts from 2016 to 2022, considering 2015 as base.

Competitive intelligence highlights the business practices followed by leading players across various regions.